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veNOTA

veNOTA (vote-escrowed NOTA) is the governance representation of locked NOTA tokens. Users lock their NOTA for a fixed duration to receive veNOTA, which grants voting power over protocol parameters. Longer locks grant more voting power per NOTA, rewarding long-term alignment.

How locking works

Voting power decays linearly with time as the lock approaches expiration. When the lock expires, the user can withdraw their NOTA.

Lock durations

A user with 1,000 NOTA locked for 4 years receives 1,000 veNOTA. The same 1,000 NOTA locked for 1 year receives 250 veNOTA. The multiplier is continuous: locking for 2.5 years gives 0.625x.

Extending locks

Users can extend an existing lock to regain lost voting power. Extensions add time to the current lock end, not to the original creation time. This means a user with 6 months remaining on a 1-year lock can extend by 6 months to restore their 0.25x multiplier.

Voting power decay

Voting power decreases linearly from the moment a lock is created until it expires. This prevents users from locking briefly before a vote to game the system. Long-term holders consistently have more influence than short-term speculators.

Early unlock

Locked NOTA cannot be withdrawn before the lock expiration. There is no emergency unlock or penalty exit. This hard guarantee is what makes veNOTA meaningful: the commitment is real.

Code example (TypeScript)